PHARMACY

Pharma, biotech companies in line of wildfires

BY Drew Buono

SAN DIEGO With the wildfires still blazing in areas across San Diego, such pharma and biotech companies as Pfizer are preparing for closures and even evacuations of some of their facilities, according to drugresearcher.com.

Pfizer’s La Jolla research and development site is a 33.5-acre campus, with facilities covering more than 1 million square feet, including  Pfizer’s vaccines research and The Pfizer Incubator, a new facility where the company is financing life science start-ups.  The HIV drug Viracept is produced at the site, as well as new treatments for cancer and diseases of the eye.

Across San Diego County, there are more than 500 life science companies employing more than 36,000 people, according to industry association Biocom.  The companies range from small biotechs to some of the biggest names in drug development, such as Johnson & Johnson, Bristol-Myers Squibb, Amgen, Biogen Idec, Genentech and Pfizer.  Between them, they generate more than $23 million for the economy every day.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

PHARMACY

Mylan, GSK enter agreement over generic Paxil

BY Drew Buono

PITTSBURGH, Pa. Mylan Inc. and its subsidiary Mylan Pharmaceuticals have entered into an agreement with GlaxoSmithKline in relation to Paroxetine Hydrochloride Extended-release tablets, the generic version of Paxil CR.

Under the agreement, Mylan is given the right to market all three strengths of the drug: 12.5 mg, 25 mg and 37.5 mg, beginning no later than Oct. 1, 2008. Mylan received eligibility for a 180-day marketing exclusivity for the 12.5 mg and 25 mg on June 29th.

The generic had U.S. sales of about $342 million for the 12 months ending June 30, 2007 for all three strengths.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

PHARMACY

Rite Aid announces that wildfire victims can pick up their prescriptions at any location

BY Michael Johnsen

CAMP HILL, Pa. Rite Aid announced Monday that any of its customers impacted by the Southern California wildfires can continue to fill or pick up their prescriptions at any open Rite Aid, even if their neighborhood store has been evacuated.

This includes prescriptions that have been filled at a closed store but not yet picked up, the company stated.

There are currently 17 active fires in Southern California, according to the state government. There is currently a mandatory evacuation order in place for Rancho Bernardo, Scripps Ranch and Del Mar/Solana Beach.

President George Bush on Tuesday declared that a federal state of emergency exists in the California and ordered federal aid to supplement state and local response efforts in the area struck by wildfires beginning on Oct. 21, and continuing.

The President’s action authorizes the Department of Homeland Security, Federal Emergency Management Agency to coordinate all disaster relief efforts in the counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura.

 “I thank President Bush for granting my request to declare a federal state of emergency in California,” stated Gov. Arnold Schwarzenegger Tuesday morning. The people of California need all the help they can get at this tragic time and this action will allow our citizens to get the assistance they need.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES